Tex Cycle buys Chin Hin debt notes


PETALING JAYA: Tex Cycle Technology (M) Bhd subscribed for RM10mil in nominal value of perpetual medium-term notes (perpetual MTN) issued by Chin Hin Group Bhd.

Tex Cycle said the perpetual MTN offers an annual return of 7.5%, which is significantly higher than its other investments in unit trust which offers an average return of 2.51% to 7.09% per annum.

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Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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